Lufthansa rides vaccine tailwinds to follow convertible with senior deal

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Lufthansa rides vaccine tailwinds to follow convertible with senior deal

Owen Sanderson
November 23, 2020 04:15 PM
lufthansa adobe stock 575 375
DUSSELDORF, GERMANY - JULY 8: Multiple Lufthansa aircraft wait on July 8, 2013 in Dusseldorf Airport, Germany. Lufthansa Group carried over 103 million passengers in 2012. | Marek SLUSARCZYK/Tupungato - stock.adobe.com

German flag carrier Lufthansa mandated a new unsecured bond on Monday, two weeks after it stormed into the convertible market on the back of the rally sparked by positive Covid-19 vaccine trials. The airline might have lost its investment grade ratings, but it is sticking to high grade bond execution norms, prepping a Reg S-only unsecured issue from its EMTN shelf.

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